RTTNews | Oct 22, 2020 06:25AM EDT

06:25 Thursday, October 22, 2020 (RTTNews.com) - AllianceBernstein Holding L.P. (AB) revealed a profit for its third quarter that rose from last year.

The company's earnings came in at $207.98 million, or $0.70 per share. This compares with $187.81 million, or $0.62 per share, in last year's third quarter.

Excluding items, AllianceBernstein Holding L.P. reported adjusted earnings of $66.72 million or $0.69 per share for the period.

Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $900.04 million from $877.87 million last year.

AllianceBernstein Holding L.P. earnings at a glance:

-Earnings (Q3): $66.72 Mln. vs. $60.36 Mln. last year.-EPS (Q3): $0.69 vs. $0.63 last year.-Analysts Estimate: $0.68-Revenue (Q3): $900.04 Mln vs. $877.87 Mln last year.

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